Powerica IPO
Powerica IPO is a Mainboard book-built issue comprising a fresh issue aggregating up to ₹700 crore and an offer for sale aggregating up to ₹400 crore, taking the total issue size up to ₹1,100 crore. The company proposes to list its equity shares on the NS
Powerica IPO Details
Powerica IPO bidding started from Mar 24, 2026 and ended on Mar 27, 2026. The allotment for Powerica IPO was finalized on Mar 30, 2026. The shares got listed on NSE and BSE on Apr 2, 2026.
Powerica IPO Timeline (Tentative)
The Powerica IPO timeline highlights all the important dates that investors should track, including the IPO opening and closing dates, allotment, refunds, credit of shares to Demat accounts, and the expected listing date. Monitoring these dates helps investors stay informed throughout the IPO process.
| Event | Tentative Date |
|---|---|
| IPO Open Date | Tue, Mar 24, 2026 |
| IPO Close Date | Fri, Mar 27, 2026 |
| Basis of Allotment | Mon, Mar 30, 2026 |
| Initiation of Refunds | Wed, Apr 1, 2026 |
| Credit of Shares to Demat | Wed, Apr 1, 2026 |
| Listing Date | Thu, Apr 2, 2026 |
| IPO Opens | Mar 24, 2026 |
| IPO Closes | Mar 27, 2026 |
| Basis of Allotment | Mar 30, 2026 |
| Refund | Apr 1, 2026 |
| Credit of Shares | Apr 1, 2026 |
| Listing | Apr 2, 2026 |
Powerica IPO Lot Size
The Powerica IPO lot size specifies the minimum number of equity shares that investors can apply for in a single application. The minimum and maximum application size for each investor category is determined based on the final price band and bid lot announced by the company before the IPO opens.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Minimum) | 1 | 37 | 14,615 |
| Retail (Maximum) | 13 | 481 | 1,89,995 |
| S-HNI (Minimum) | 14 | 518 | 2,04,610 |
| B-HNI (Minimum) | 69 | 2,553 | 10,08,435 |
Powerica IPO Reservation
Powerica IPO comprises a total issue size of 2,78,53,332 shares. The net offer to the public is 2,77,97,467 shares, after excluding 55,865 shares under a preferential allotment. Of the Net offer 1,38,98,732 (50.00%) are allocated to QIB, 41,69,621 (15.00%) allocated to NII 97,29,114 (35.00%) allocated to RII.
Powerica IPO Subscription
The Powerica IPO subscription status indicates the demand received from different investor categories during the bidding period. The subscription figures are updated regularly while the IPO remains open and provide insight into investor interest.
| Category | Subscription (times) |
|---|---|
| QIB | To be Updated |
| NII | To be Updated |
| RII | To be Updated |
| Employee | To be Updated |
| Total | To be Updated |
About Powerica
Powerica Ltd is a power solutions company specializing in diesel generator sets (DG sets) for main and backup use.
The company offers a comprehensive range of generator sets with capacities ranging from 7.5 kVA to 10,000 kVA, designed to meet the distinctive requirements of diverse industries and applications.
Business Segments:
- Generator Set Business Division: Diesel Generator sets (“DG sets”) powered by Cummins engines - Low Hors power 7.5 kVA to 160kVA, Medium horse power 180kVA to 500kVA, and high horse power above 500 kVA. It has 3 manufacturing facilities located in Bengaluru, Karnataka; Silvassa, Dadra and Nagar Haveli; and Khopoli, Maharashtra.
- Wind Power Business Division: As on March 31, 2025, it owns and operates 11 wind power projects in Gujarat, with a total installed capacity of 279.55 MW
- Retrofit Emission Control Devices (“RECD”) through our Associate Company, Platino Automotive.
Key Strengths
- Established Position in the Generator Set Market
- Collaborations and Alliances with Established Industry Players
- Strong Technical and Execution Capabilities
- Large and Diversified Customer Base
- Experienced and Proven Management Team
- Strong Financial Performance
Strengths
- Established brand with over four decades of operating history in the power solutions industry, enabling the company to build long-term customer relationships and industry expertise.
- Diversified product portfolio, offering diesel and gas generator sets, hybrid power solutions, solar products, and related engineering services.
- Strong distribution and service network across multiple locations, supporting efficient sales, installation, and after-sales services.
- Long-standing relationships with reputed customers and global technology partners, contributing to recurring business opportunities.
- Experienced promoters and professional management team with extensive industry knowledge and operational expertise.
- Integrated engineering, installation, commissioning, and maintenance capabilities, allowing the company to provide end-to-end power solutions.
- Focus on quality, customer satisfaction, and technological innovation, helping strengthen its competitive position in the market.
Risks to Consider
- The company's business is dependent on demand from infrastructure, industrial, commercial, and real estate sectors, and any slowdown in these industries could adversely affect revenue.
- Dependence on key suppliers and technology partners may impact operations if supply chain disruptions or contractual issues arise.
- Fluctuations in raw material and equipment costs could negatively impact profit margins if cost increases cannot be passed on to customers.
- A significant portion of revenue is generated from generator sets and power solutions, making the business sensitive to changes in demand for these products.
- The company operates in a highly competitive industry, facing competition from domestic and international manufacturers and solution providers.
- Delays in project execution, installation, or customer approvals may affect revenue recognition and profitability.
- Future growth depends on successfully expanding operations, maintaining customer relationships, and executing business strategies, which may involve operational and market risks.
KPIs & Valuation
The Key Performance Indicators (KPIs) and valuation metrics help investors assess Powerica Limited's financial efficiency and IPO valuation. These metrics include earnings per share, net asset value, return on net worth, and valuation ratios. Some valuation figures will be finalized after the company announces the IPO price band.
Objects of the Issue
Powerica Limited intends to utilize the net proceeds from the fresh issue to support its future growth initiatives, strengthen its financial position, and meet corporate requirements. The detailed utilization of funds is provided in the Red Herring Prospectus.
- Funding capital expenditure requirements.
- Repayment or prepayment of certain borrowings.
- Funding working capital requirements.
- Investment in subsidiaries, where applicable.
- General corporate purposes.
- Meeting issue-related expenses.
Promoters, Lead Managers & Registrar
Powerica Limited is promoted by experienced entrepreneurs with a long-standing presence in the power solutions industry. The IPO is managed by leading capital market intermediaries responsible for the issue management, while the registrar will handle the IPO application, allotment, and refund process.
Promoters
Lead Managers (BRLM)
Powerica IPO Review
How to Apply
Applying for the Powerica IPO is a straightforward process through the ASBA (Application Supported by Blocked Amount) facility or the UPI mechanism. Eligible investors can submit their applications during the IPO bidding period using their preferred stockbroker or an ASBA-enabled bank.
Steps to Apply Online
- Log in to your stockbroker's website or mobile trading app.
- Navigate to the IPO or Current IPOs section.
- Select Powerica IPO from the list of active IPOs.
- Enter the number of lots you wish to apply for.
- Choose your bid price or select the Cut-off Price (available only for Retail Individual Investors).
- Enter your UPI ID if applying through a broker, or apply through your bank's ASBA facility.
- Review all the application details and submit your IPO application.
- Approve the UPI mandate request before the specified deadline.
- Once approved, the application amount will be blocked in your bank account until the allotment process is completed.
- After allotment, successful applicants will receive shares in their Demat account, while unallotted funds will be unblocked or refunded.
Last updated Aug 7, 2026.